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Ravindra Nayak Ullal (Accounts Supervisor)     27 May 2011

Ravindra Nayak Ullal
Accounts Supervisor 
 24 points

| My Other Post

What's the difference between Accounts Receivables and Bills Receivables and Accounts payables and Bills Payables. Can anyone help me out with this please.

Thank you in advance.

satish kumar

satish kumar (accountant)     30 May 2011

satish kumar
 12 likes  244 points

View Profile | My Other Post

1.accounts receivables is used for debrors for goods etc. sold and bills receiveables are received from debtors on account of paymt as cash or chq.

2. bills are discounted, endorsed to others when receivables not

and acconut payable is used for creditos for purchased of goods etc when bills payble are issued on a/c of payment

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